#AbuDhabiStablecoin A trio of important institutions in Abu Dhabi, including the emirate's sovereign fund, have joined forces to launch a new stablecoin linked to the dirham.

Abu Dhabi's sovereign fund ADQ, the largest bank in the United Arab Emirates, First Abu Dhabi Bank (FAB), and the massive conglomerate International Holding Company have partnered to launch the stablecoin, pending regulatory approval, the three companies stated on April 28.